Central Maine Power

Central Maine Power (CMP) says that it is ready to negotiate the terms of its bid to build and upgrade 145-miles of high-power transmission lines that would bring electricity from Canada's Hydro Quebec dam system to Massachusetts customers. The move comes as regulatory hearings in Maine and Massachusetts are ramping up, and as opposition may be growing more organized.

Central Maine Power Company's (CMP) handling of thousands of customer complaints regarding higher charges last winter has generated a new class action lawsuit.

State regulators are taking a new look at just how much money Central Maine Power's (CMP) shareholders earn from the company's customers and whether the amount may be excessive — or too low.

In a notice published this week, the Public Utilities Commission (PUC) says that it will investigate whether CMP's profits from delivering electricity are "just and reasonable." The inquiry was prompted by a request from a group of ratepayers who noted that in 2016 CMP shareholders earned a return-on-equity of more than 11 percent — and earned 13 percent last year.

Central Maine Power's proposal to bring a massive amount of electricity from Canada through western Maine to Massachusetts will lower electricity costs throughout the region, and ease winter-time price spikes as well; at least, that's the pitch Massachusetts officials are making to regulators there.

The parent company of Central Maine Power is proposing a $2.5 billion effort to "harden" its electricity distribution systems in Maine and New York, following major storms and outages over the past year — and the company would like to have consumers to pay some or all of the bill.

Governor Paul LePage says he is stalling completion of an eight-year old state agreement to take ownership of the scenic Kennebec River Gorge – land that is now owned by Central Maine Power.